Top 5 Reasons Why You Should Move to Cloud ERP from On-Premises?
Author: Gurmeet Bhatia | | May 31, 2022
Cloud technology is evolving drastically, with new features and capabilities being brought to the market every day. It’s no longer a question of whether you should or should not move to the cloud, but rather which cloud innovations best suit your business needs.
The pandemic has been a game-changer in boosting cloud implementation for companies of every scale and industry. But enterprise resource planning (ERP) system has existed in the cloud for many years now. Oracle Cloud ERP has already carved its mark in the industry for a decade now. And from then on, it has made ERP more resilient and less expensive, giving benefits to large, medium, and small companies.
If you’re thinking about moving your on-premises business to Oracle ERP but are unsure of what’s available to you, here are some of the key benefits that are worth considering for your organization’s growth and continued success:
Why Move Your ERP From On-Prem to Cloud?
Enterprise Resource Planning(ERP) is a massive and critical system because it captures data at a granular level every day. It feeds this data to many systems that aggregate and summarize data for crucial business decisions aiding to make the right choice at the right time for the decision-makers. However, in the case of legacy systems, most applications are disjointed and create challenges to import and consolidate data from the ERP to any other system. In the cloud ERP world, you can have one consistent truth across your organization by eliminating data inconsistencies, missing values, and time lag in data updates.
When your ERP is on the cloud, you get seamless connectivity between applications. For instance, financial budgeting, planning, and forecasting systems can be easily connected with Oracle Cloud ERP. Since Cloud ERP brings homogeneity in data and has the ease to connect various systems, you can integrate data across the departments and run analytics with better drill-up and drill-down capabilities.
And not just financial cluster, ERP helps in the integration of operational data, HRMS data, and other departments across a company, making it enterprise-grade in the true sense. Not just application-level integration, Oracle cloud offers options to access artificial intelligence and machine learning, data analytics, and other advanced technologies on the cloud. Anytime, Anywhere.
With the growing and widely-accepted need to work from home or a remote location, your employees need to access data on the go. The availability of data from remote devices like mobile makes it easy to access the system at all times. Cloud system offer this flexibility while many on-premise solutions are restricted within the official perimeters of a company.
If a manager has to access an employee’s request for travel reimbursement during their own travel, they can easily do so through mobile if your ERP is in the cloud. Such quick access to data makes communication within and across the teams seamless and faster.. On-premises solutions can’t as easily handle as easily demands of on-the-move employees.
Oracle Cloud ERP allows single sign-on for your employees to log in from any device, making access secure and flexible.
Agile, Flexible, and Scalable
ERP is an ever-expanding data hub because it captures granular data daily. With time, your ERP is going to expand exponentially with your company’s growth and headcount.
Imagine being on-prem and scaling up your infrastructure every few months to accommodate new hires, your growing client list, and burgeoning data. With Oracle Cloud ERP, you only need to request expansion, and it can be done in hours. As a result, your infrastructure expansion is faster than the onboarding process of employees itself making it a true solution for an agile oragnization.
With a subscription-based or pay-as-you-go model in cloud systems, you can use cloud ERP software without spending on expensive licensing costs. You pay whatever you use, and billing works in your favor.
Also, with Oracle Cloud ERP, you don’t need to maintain infrastructure including security, networking, and actual servers. The IT staff needed to maintain the infrastructure is also taken care of by your cloud vendor. Expansion and scaling down only need you to request more space or relinquish the extra subscription you are consuming.
If you are still using the on-prem ERP model, you need to spend a big budget on licenses and servers. While scaling up is costly and time-consuming, scaling down wastes the existing resources.
Effective Disaster Recovery and Backup
If you think you stay in a geography that has never been affected by a massive earthquake or flood, you should still be prepared for a calamity. With on-prem solutions having everything—or most of it—within the office limits, your data is never completely safe.
Cloud solutions offer disaster recovery options at offsites far from your actual location. This increases your chances of data recovery by many folds. And that too at the click of a button, done by experts who understand the process well.
Likewise, your day-to-day data backup is taken care of smoothly when you’re on a cloud system. Your employees can keep working, and without any outage, the information you rely upon to run your business gets backed up regularly.
When Do You Plan to Go Cloud?
Datavail has a mature team with expertise in Oracle Cloud ERP services as a chosen Oracle partner. With more than a decade old experience in technology and many more in various industries, we have been able to successfully implement Oracle Cloud ERP for our clients. Should you need to fix a faulty implementation or move to cloud ERP, we would be happy to help. Reach out to us for a detailed assessment and fruitful discussion. In the meanwhile you can read more about our ERP services.
Ready to migrate your MySQL database to Amazon Web Services (AWS)? Which is better, Amazon RDS or Amazon EC2? Learn the pros and cons of each option.
Read on to learn about the release of Oracle Analytics Cloud, a service that includes Essbase Cloud, Business Intelligence Cloud, and more.